Stock Market & Financial Investment News

News Breaks February 28, 2013 12:37 EDT FIO Fusion-io advances after Mizuho begins coverage with a Buy Datacenter solutions provider Fusion-io (FIO) is climbing after Mizuho Securities analyst Abhey Lamba initiated coverage of the stock with a Buy rating and $22 target in a note to investors earlier today. At the end of January, Fusion-io provided much lower than expected fiscal 2013 revenue guidance. However, the company's fundamentals are strong and its recent weakness creates a buying opportunity, Lamda thinks. The company has a number of competitive advantages in the server-side flash storage market, the analyst explains. Specifically, Fusion-io's technology enables it to offer the most comprehensive suite of solutions that are made to accelerate datacenter traffic and increase the efficiency of applications, the note stated. Although the company has relatively few customers and that situation could weigh on the stock in the near term, it should report stronger than expected fiscal 2014 results, enabling shares to advance, according to Lamba. Fusion-io's stock could reach the mid-$20s, added the analyst. In early afternoon trading, Fusion-io rose 75c, or 4.65%, to $16.87. News For FIO From The Last 14 Days Check below for free stories on FIO the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 22, 2013 07:29 EDT FIO Fusion-io calls volatility flat, shares near record low Fusion-io overall option implied volatility of 56 is near its 26-week average of 55 according to Track Data, suggesting non-directional price movement into the company may be in play after valuation decline, Bloomberg reports. 07:22 EDT FIO Fusion-io may be in play after valuation decline, Bloomberg reports Subscribe for More Information May 17, 2013 11:04 EDT FIO Fusion-io calls June active on renewed takeover chatter Fusion-io June 16 and 18 calls are active on total call volume of 2,800 contracts (520 puts). June call option implied volatility is at 62, September is at 60, December is at 54; compared to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for larger price movement following renewed takeover chatter. 10:21 EDT FIO Rumor: Fusion-io moves off lows on renewed takeover chatter Subscribe for More Information May 14, 2013 12:47 EDT FIO Options with increasing implied volatility: FMCN FIO SVU BKS Subscribe for More Information 10:01 EDT FIO On The Fly: Analyst Upgrade Summary Subscribe for More Information 09:14 EDT FIO On The Fly: Pre-market Movers Subscribe for More Information 07:12 EDT FIO Fusion-io management to meet with Benchmark Co. Subscribe for More Information 06:14 EDT FIO Fusion-io upgraded to Buy from Neutral at UBS UBS upgraded Fusion-io due to share weakness following management resignations and strong quarterly results and outlook. Price target raised to $19 from $16. May 13, 2013 11:12 EDT FIO Options with increasing implied volatility: BKS FIO SOHU AGNC HNZ Subscribe for More Information May 10, 2013 12:32 EDT FIO Options with increasing implied volatility: SNTA BKS FIO QIHU VMED May 9, 2013 12:15 EDT FIO Fusion-io CEO says customer reaction to resignations 'positive' Subscribe for More Information 05:45 EDT FIO Stocks with implied volatility movement; FIO SVU Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.